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PHCN assets handover: No going back on Nov 1 – FG

Thursday 31 October 2013






… Says 2,500 workers have no record 


From JULIANA TAIWO-OBALONYE, AbujaThe Federal Government yesterday insisted that it would go ahead with the physical handover of the Power Holding Company of Nigeria (PHCN) assets across the country to the new owners on November 1, 2013.


This came on the heels of threats by disengaged PHCN workers to begin nationwide strike on the same date should all their members not be paid by then.


Government also said over 6000 out of the 47,913 workers were yet to be verified and paid their entitlements.


Briefing State House correspondents on the outcome of the all stakeholders in the power privatisation process meeting presided over by Vice President Namadi Sambo at the Presidential Villa, Abuja, the Permanent Secretary, Ministry of Power, Godknows Igali, assured of a successful handover.


Igali accompanied  by the Director-General of the Bureau of Public Enterprises, Benjamin Dikki and the Director-General of the Budget Office, Dr. Bright Okogu, disclosed that 40,093 out of the 47,913 identified disengaged PHCN workers had been fully paid their entitlements which he put at N294.4billion.


He said while N214.2billion was paid as their severance package, their pension was N80.2billion.


Igali explained that while the severance package went directly into the bank accounts of beneficiaries, the gratuity payments were made to their pension fund custodian, adding that the documents of additional 605 workers, who were validated on Tuesday had been sent for payment.


He further disclosed that the government currently has issues with some workers whose biometric data were corrupted.


Those under this category are  1,478 from Enugu Distribution Company and 929 others nationwide, who would be invited to Abuja for recapturing.


 



The post PHCN assets handover: No going back on Nov 1 – FG appeared first on The Sun News.


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